Most Popular Lending Content
Action Date for CRA Small Business Loans
11/15/2004
CRA Question: The action date should be the note date, correct? We are booking commercial loans with the "funding date" as the original date on the system, not the note date. Shouldn't the loan processing department use the "actual" note date as the original date?
How Do You Protect Valuable Documents in a Disaster? -- TREEV
11/15/2004
How do I help my bank protect valuable information such as reports, agreements, customer identification documents, and legal papers in the event of a disaster?
Collecting Government Monitoring Information
11/15/2004
My question is in regards to Regulation B Monitoring Infomation. We are a non HMDA reporting bank. We have received mixed information concerning the collection of the monitoring information on telephone, mail and internet applications. Does the creditor need to complete the monitoring information on telephone, mail or internet applications to purchase or refinance the applicant's personal residence?
Residential Mortgage Tied to Prime Rate
11/15/2004
Have you ever heard that a bank cannot tie a 1st mortgage loan secured by a borrower's residence to Prime?
Indirect Lending Pricing Question
11/15/2004
Regarding Indirect Lending, is there a maximum mark up rate a lending institution can offer when paying out the spread over the buy rate?